Cost of the Twelve Days of Christmas

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Cost of the Twelve Days of Christmas
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Thanks to rising labor costs

• The price of the partridge, the pear tree and
  the rest of the '12 Days' goodies is up 3.1 this
  year.

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• The annual PNC Christmas Price Index, based on
  the cost of the items in "The 12 Days of
  Christmas," rose 3.1 this year, with the
  sharpest increase coming from the 44 jump in
  pear tree prices.

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According to the 22nd annual survey

• The cost of "The 12 Days of Christmas" is
  18,920 in 2006, compared with 18,349 in 2005.

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According to Philadanco, the Philadelphia Dance
Company

• The cost of nine ladies dancing was 4,759, 4
  more than in 2006.

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• The women's wage increase outstripped those of
  their performing peers The cost of lords
  a-leaping rose 3, while the musicians -- the
  drummers drumming and the pipers piping -- earned
  3.4 more than in 2005.

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• Maids a-milking, who are paid the minimum wage,
  were the only service providers not to see an
  increase this year.

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• The federal minimum wage has been set at 5.15
  per hour since 1997. Inflation since 1996 has
  steadily eroded the purchasing power of the
  hourly minimum, which would be worth 4.04 in
  1996 dollars.

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For the Birds Flat Prices

• The price of the partridge (as well as that of
  turtle doves, French hens, geese and swans) was
  flat this year, according to The Cincinnati Zoo
  and Botanical Gardens, as the cost of fuel to
  ship the birds leveled off.

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For the Birds Flat Prices

• The avian exception was calling birds, which
  were purchased at a national pet store chain and
  increased 20.

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• Gold rings also stayed constant this year
  despite a cost increase in the raw material --
  gold -- because of softening demand for luxury
  goods.

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• As part of its annual tradition, PNC Wealth
  Management also tabulates the "True Cost of
  Christmas," which is the total cost of items
  gifted by a True Love who repeats all of the
  song's verses.

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• This holiday season, very generous True Loves
  will pay more than ever before -- 75,122 -- for
  all 364 items, up from 72,608 in 2005.

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• This 3.5 increase is substantially less than
  last year's 9.5 increase.

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PNC Christmas Price Index Item for 2006

• One partridge 15
• Pear tree 129.99
• Two turtle doves 40
• Three French hens 45
• Four calling birds 479.96
• Five gold rings 325
• Six geese a-laying 300

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PNC Christmas Price Index Item for 2006

• Seven swans a-swimming 4,200
• Eight maids a-milking 41.20
• Nine ladies dancing 4,759.19
• 10 lords a-leaping 4,160.25
• 11 pipers piping 2,124
• 12 drummers drumming 2,301

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